The Economic and Financial Crimes Commission arrested 29 men suspected to be involved in internet-related fraud on Wednesday.
The suspects were caught at Akoto Estate, Elebu area in Ibadan, Oyo State. They were rounded up in an early morning raid by the operatives of the Commission.
The team had earlier conducted a series of surveillance, aggregated intelligence on the actions of the suspected ‘Yahoo Boys’.
The preceding research was found to be credible, leading to the sting operation.
Among the items obtained from the suspects are eight exotic cars, many costly phones, and laptops, as well as documents suspected to be used for their illicit dealings.
They will be charged to court as soon as investigations are concluded.